marknet73

Thanx for the update and the encouraging news! Happy Thanksgiving to you and your family.

Yeah, how can they have a $3 or $5 RV when Saudi Arabia's rate is only .27? They got a lot of work to do to get to where Saudi Arabia is, mainly by reducing the amount in circulation. I'd rather see .10 tomorrow or next month instead of $5 predictions that'll never happen.

I know I'm happy with what I have now. I bought all mine over a year ago so at least get a break on taxes when it RVs. Personally I'd say its too risky to buy more at this point and be grateful for what you have but who really knows where this roller coaster ride will end.

Nice to see something positive to end the day on

Thanx for the info! Might not be in the best interest of the powers that be to let it float just yet. What concerns me is the higher inflation and the damage that can do the economy and the currency. I wonder what the true currency value really is at this point and if it might take years before we can see anything positive.

Looks like they still have a long way to go...

I'd definitely like to know the same thing - what's it take to get recognized as an internationally recognized currency? I think thats a big key to this puzzle. I'd rather see a free float as well but I guess they still want zero volatility at this point. I think their economy stands to gain a whole lot more by letting the free market determine the value rather than by keeping it artificially low where it is now or by RDing which would severely handcuff the dinar's growth potential.

Unfortunately thats a likely possibility and the one that they're talking about the most according to the news articles. Hopefully we'll see an RV first maybe in the range of 10 cents or so like Adam is saying. It's really anyone's guess.

Seems like they could make much more profit from a low RV and then increase in value over time instead of RDing first which would drastically limit the growth potential. I'd much rather see a 10 cent RV value than a $3.00 lop then RV value.

Just another lop article. Seen them for over a year now. Same ol' song and dance...

Bring it on!

Greed is good! I'm way tired of the same ol lop articles but don't see how that's the best way for them to make money. Hopefully Malaki can get his way on this one.

Absolutely right 20MillionDinar. Those guys are right that its a weak currency now but with Iraq's future economic potential I think it's got a good chance to get way above 1170. Hopefully they can accomplish this with a realistic RV that their economy can support. And your 100% right - once the big boys jump in it's too late to make an enormous profit.

Thanx for the info! Looks like more pos than neg at this point. Like I've said all along it's in their best interest to come out low but at least high enough for us to make a great profit. It seems like they miss out on a huge opportunity with a lop. Still hoping we can see .50 to a buck.

Anything can happen in this investment. The reasoning for this makes sense but so does the reasoning for a modest RV. Just gotta hope for the best and what benefits Iraq will benefit us. If they're as close as they say we are to an RV then we gotta expect lots of smoke and mirrors ya know?

Yeah hopefully they'll hold up their end of the bargain. It will benefit everyone especially Iraq if they can get some value to their currency and at the same time stimulate more investment. The most logical way is a reasonable RV.

There are a whole lot of potential positives and negs in this investment but i can't imagine the disappointment if i sold out early and this thing popped. The logic of what Adam is saying makes alot of sense and I'm willing to take the gamble. I agree we shouldn't make the dealers and pumpers any richer and sorry to see you go Legolas.

Everything looks good to me except the part about the deletion of the zeros from the currency. Can't see how that would be good for anyone. Hopefully they're talking about deleting the zeros from the exchange rate.

.10 would still give us an awesome profit even though it isnt the millions we're all hoping for. Hopefully they can come out a bit higher though. I think things are finally getting to the point where we can something big by the end of the year but remember this is Iraq. I feel more positive now that we're going to see a sweet profit on this and that an RV in the .10-.30 range - and then go up in bumps from there - is in the best interest of Iraq.

Great info Adam. I've said all along that we'll prolly see around .10 or so and its very reassuring to see that the best way for them to make money and encourage more investment will also benefit us investors as well. Hopefully we'll see more than .10 but at this point I'll be thrilled with a couple hundred thousand profit. Bring it on!!

Good news for sure! All I've seen for the last few months is delete the ******* zeros. Who knows if this is just more smoke and mirrors but hopefully we'll see something positive happen with this thing before next year.

Awesome post. It's great to see some rationality for a big return on this investment. Some of the news articles lately have been pretty depressing and this is a nice lift. I just wonder when we'll ever see a rate on the positive side of 1170. It's great to know that they can do this, the big questions are will they? and when?

I sure hope your right! Seems like they would have lopped when the value was even lower than it is now. I don't see us becoming millionaires overnight but it seems like a lop would end up screwing them as well. Hopefully they'll just introduce the lower denoms without lopping the value off of the big ones. I doubt we'll become millionaires overnight but I'm sure hoping that we can make a good profit off this investment and what benefits them will benefit us too. I guess these redomination articles will keep coming out right up until they finally make a big move, you know?

No straight-up RV but a gradual increase to around 5 to 15 cents by 2015 or so if we're extremely fortunate. That beats the you know what out of some of the other predictions going on lately. I know I'd be screaming for joy at a 1000% return in my investment.

I jumped in wanting to make a 100,000 or 300,000% profit and I admit it. Okie had me going there for a while. With all the currency in circulation its obvious they aren't gonna RV over a buck unless they redominate 1st and then RV say 3 to 1. The other possibility I'm hoping for is that in time as their economy grows again and some of the excess currency is removed from circulation that the value will slowly increase from 1170. Not the millions we're all hoping for but at least we make some profit. An RD where we all lose money seems like a very real possibility judging from the news articles but who wants to sell something at a loss?